Egypt to dig a parallel Suez Canal

Embassy Newsletter August 12, 2014

Cairo, Aug. 5. (BNA) – Egyptian President Abdel Fattah Al-Sisi today announced the launch of a project to dig a new 72-km canal alongside the original Suez Canal, head of the Suez Canal Authority Mohab Mamish said during the opening ceremony of the Suez Canal Corridor project.

Suez Canal Authority Mohab Mamish said the new project would create a new Suez Canal parallel to the current channel.

He added that the $4 billion project would be implemented in one year, and generate more than one million job opportunities.

The giant artificial waterway project is part of a larger plan to expand the Suez port and shipping facilities for the ultimate goal of making the country a major trade hub.